الهيئة العامة للرقابة المالية

March 31, 2025, statements are now due by July 30, 2025, a one-month extension.

• June 30, 2025, statements now have a deadline of September 15, 2025, extended by 15 days.
• September 30, 2025, statements are also extended by 15 days, with the new due date being December 15, 2025.
• The decision aims to alleviate corporate burdens and foster a favorable environment for business growth and development.

 FRA’s Board of Directors, chaired by Dr. Mohamed Farid, has issued Resolution No. 126 of 2025, granting an extension for insurance companies and pools to submit their periodic financial statements. This measure is designed to ease the burden on the sector, allowing companies more time and flexibility to prepare their financial reports in full compliance with the Unified Insurance Law. This resolution showcases FRA’s ongoing commitment to foster an operational environment that supports industry growth and adaptation. It acknowledges that some entities need more time for comprehensive financial reporting to keep pace with evolving conditions.

The resolution outlines specific extensions for periodic financial statement submissions by insurance companies and pools. For financial period concluding on March 31, 2025, the submission deadline has been extended by one month, now designated as July 30, 2025, as opposed to June 30, 2025. An additional 15 days have been granted for the financial period ending June 30, 2025, with the new deadline set at September 15, 2025, moved from August 30, 2025. Correspondingly, statements pertaining to the September 30, 2025, financial period are now due by December 15, 2025, rather than November 30, 2025, also reflecting a 15-day extension.

The resolution also permits an additional 15-day extension for the submission of consolidated financial statements from companies that include affiliated insurance entities, beyond the dates already specified. FRA’s Board of Directors made this provision while considering Resolution No. 183 of 2024. This latter resolution mandates that all insurance and reinsurance companies begin producing quarterly financial statements in 2025, complete with comparative figures from the prior year’s equivalent period. These reports must strictly adhere to Egyptian Accounting Standard No. 50 on Insurance Contracts and undergo a limited review, necessitating an accompanying report from the company’s auditor, all to be submitted by their prescribed deadlines.

FRA remains committed to strengthening the efficiency and effectiveness of the insurance sector. The Authority continuously works to develop legislative and regulatory frameworks and implement supportive initiatives and policies. These efforts are designed to boost the insurance market’s overall performance, achieve social protection goals, ensure lasting financial sustainability and economic inclusion and guarantee fair access to insurance services for everyone involved.